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8 Craigie St., Somerville MA 02134

Somerville, MA 02134
$9,500,000
Est. $53,149/month
42
Beds
21
Baths
25,164
Sq Ft
$378
Price/Sq Ft
0.23
Acres
1920
Year Built
Multi Family
Type
5 hours 29 minutes
Time on Market
Active Listed Mar 5, 2026 • MLS# 73482885 Copied!

About this home

This 21-unit, 42 bedroom building boasts a strong CAP rate, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity in an outstanding location.

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Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1920
Bedrooms
42
Full Bathrooms
21
Living Area
25,164 sq ft
Total Rooms
93
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1920
Living Area 25,164 sq ft
Lot Size 0.23 acres
Bedrooms 42
Full Baths 21
Total Rooms 93

Interior

Heating Forced Air
Cooling None
Flooring Wood, Tile
Appliances None
Fireplace None
Basement Full
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $58,939
Assessed Value $5,602,600

Interior Features

Flooring: Wood, Tile
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Block
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

8 Craigie St., Somerville MA 02134

Somerville, MA 02134

Walkability

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Nearby Schools

School District
Somerville School District local
B-
✓ School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
↓ 3.0% below state avg
E

Elementary Schools

3 schools
St. Theresa of the Child Jesus School
0.2 mi
Grades PK-08
A+
Maria L. Baldwin School
0.3 mi | #55 of 824 | Score: 62.0
Dropped 52 spots from last year
+3.8 above state avg
360 students Diverse
Diverse Student Body
Grades PK-05
A
John F Kennedy School
0.3 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
M

Middle Schools

3 schools
Allium Montessori School
0.6 mi
Grades 01-06
Next Wave Junior High School
0.9 mi
16 students Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
0.9 mi | #67 of 352 | Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
F
Full Circle High School
0.9 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
0.9 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
Curtis-Tufts School
1.2 mi
11 students Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $4,912
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 5, 2026
$9,500,000
Original listing
Agent: Donahue + Greene Group Office: Compass

Price & Status History

Date Event Price Change
Mar 5, 2026 New Listing Added $9,500,000 —

Market Statistics

Time on Market
5 hours 29 minutes
Price per Sq Ft
$378

Tax History

Year Taxes Assessment
2024 $58,939 $5,602,600

Financial Details

Annual Property Tax
$58,939
Tax Year 2024
Assessed Value
$5,602,600

Listing Information

Listing Agent Donahue + Greene Group
Listing Office Compass
Agent MLS ID TM342371
Office MLS ID AN2606
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Somerville, MA

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